Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Google Cloud’s AI Tool Automates Mortgage Document Processing
Google Cloud’s AI Tool Automates Mortgage Document Processing
October 19, 2020  |  Loans

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. Sudheera Vanguri, product manager lead at...

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China Drafts Updates To Commercial Bank Regulations
China Drafts Updates To Commercial Bank Regulations
October 16, 2020  |  International

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft...

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Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
Instant Pay Startup Clair Notches $4.5M To Help Gig Workers
October 09, 2020  |  Investments

New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get...

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Fixing A Credit-Data Dearth That’s Hurting Lending More Than COVID-19
Fixing A Credit-Data Dearth That’s Hurting Lending More Than COVID-19
October 09, 2020  |  Credit Cards

The pandemic has cast a chill across the loan process, but Matt Harris, co-founder and CEO of Bloom Credit, told PYMNTS that a lack of...

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UK SMBs Say Lenders Refuse To Provide Relief Loans
UK SMBs Say Lenders Refuse To Provide Relief Loans
October 05, 2020  |  Loans

Small and medium-sized businesses (SMBs) in the U.K. say their very survival is at stake because lenders have refused to provide inexpensive, state-backed loans amid...

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In South Africa, Improving SMB Cash Flow – And Trade Credit Pain Points
In South Africa, Improving SMB Cash Flow – And Trade Credit Pain Points
October 02, 2020  |  B2B Payments

No matter where you look, the pandemic has shone a spotlight on the pressures faced by smaller firms trying to manage cash flow. Getting funding...

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Today In Digital-First Banking: Memo Bank Rolls Out Interest-Bearing Account; Lending Platform October Lands Funding
Today In Digital-First Banking: Memo Bank Rolls Out Interest-Bearing Account; Lending Platform October Lands Funding
October 01, 2020  |  Digital Banking

In today’s top news in digital-first banking, Memo Bank is rolling out an interest-bearing account for companies, while lending marketplace October has notched roughly $303...

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Deep Dive: How CUs Are Rethinking Their Credit Solutions During The Pandemic
Deep Dive: How CUs Are Rethinking Their Credit Solutions During The Pandemic
September 29, 2020  |  Credit Unions

Credit unions of various sizes were eager to roll out credit card innovation plans before the COVID-19 pandemic’s onset. PYMNTS’ July Credit Union Innovation Playbook: Card Trends Edition...

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Closing Latin America’s $350B SMB Trade-Finance Gap
Closing Latin America’s $350B SMB Trade-Finance Gap
September 29, 2020  |  International

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. And...

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